we will see a bounce off the 0.382 fibonacci level and the supporting uptrend line, which started at the 28th of December. There are a few bullish sign, which indicate such a move. First of, the ascending triangle formation, as the bottom of the former downtrend. Furthermore, both, the EMA30 and the EMA10 were crossing the EMA50 upwards, which can also be seen as a bullish sign. If things follow the overall market direction, then we will see a breakout this week for sure.
If you like my prediction, feel free to follow me on my other social media accounts:
Seems to be stagnating on most TA charts.
THanks for the effort, much appreciated!